World News

Egypt got $23 billion in aid from Gulf in 18 months - minister

Egypt's Investment Minister Ashraf Salman speaks during a news conference in Cairo October 30, 2014. REUTERS/Mohamed Abd El Ghany

DUBAI (Reuters) - Egypt has obtained $23 billion (15 billion pounds) in aid from Saudi Arabia, the United Arab Emirates and Kuwait in the 18 months since Islamist President Mohamed Mursi was ousted, Investment Minister Ashraf Salman said on Monday.

Speaking at a business conference in Dubai, Salman said the aid included oil shipments, cash grants and deposits in Egypt’s central bank.

The three wealthy Gulf governments, deeply opposed to Mursi’s Muslim Brotherhood group, ramped up aid to Egypt after his ouster and are spending heavily to try to ensure the success of current President Abdel Fattah al-Sisi.

Reporting by Tom Arnold; Writing by Andrew Torchia; editing by Sami Aboudi